Dana Incorporated (DAN) to Issue Quarterly Dividend of $0.12 on November 27th

Dana Incorporated (NYSE:DAN) declared a quarterly dividend on Tuesday, October 20th. Investors of record on Friday, November 6th will be given a dividend of $0.12 per share by the auto parts company on Friday, November 27th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, November 6th.

Dana has raised its dividend payment by an average of 0.3% annually over the last three years. Dana has a payout ratio of 26.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Dana to earn $5.48 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 8.8%.

Dana Stock Performance

Shares of DAN stock opened at $29.04 on Thursday. The business’s 50 day simple moving average is $29.61 and its 200 day simple moving average is $30.98. Dana has a one year low of $18.95 and a one year high of $39.56. The stock has a market capitalization of $3.12 billion, a PE ratio of 2.89 and a beta of 2.05. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.49 and a quick ratio of 1.03.

Dana (NYSE:DAN) last released its quarterly earnings results on Thursday, August 6th. The auto parts company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.51). The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.93 billion. Dana had a return on equity of 4.07% and a net margin of 14.55%. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.13 EPS. Dana has set its FY 2026 guidance at 1.750-2.250 EPS. As a group, research analysts forecast that Dana will post 1.92 earnings per share for the current year.

Institutional Trading of Dana

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Root Financial Partners LLC bought a new position in shares of Dana in the third quarter valued at approximately $25,000. Fortitude Family Office LLC grew its holdings in Dana by 536.3% during the third quarter. Fortitude Family Office LLC now owns 929 shares of the auto parts company’s stock worth $25,000 after buying an additional 783 shares in the last quarter. Plato Investment Management Ltd purchased a new stake in Dana in the 2nd quarter valued at $45,000. Pinnacle Holdings LLC purchased a new stake in Dana in the 2nd quarter valued at $49,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in Dana in the 2nd quarter valued at $49,000. 96.79% of the stock is owned by institutional investors.

Dana Company Profile

Dana Incorporated (NYSE: DAN) is a global supplier of drivetrain, motion, and thermal-management technologies for the automotive, commercial-vehicle, and off-highway industries. The company develops systems that help vehicles transmit power, manage heat, and operate efficiently across conventional, hybrid, and electric powertrains.

Dana’s products include axles, driveshafts, gearboxes, transmissions, sealing solutions, thermal-management systems, and components for electrified propulsion.